RNS Number : 6085E
PJSC Transcontainer
20 July 2016
FOR IMMEDIATE
RELEASE
PJSC TransContainer
20 July 2016
OPERATING RESULTS FOR THE SECOND QUARTER AND THE FIRST HALF OF 2016
Public Joint Stock Company "TransContainer" ("TransContainer" or the "Company") (LSE: TRCN)
announces its preliminary operating results for the second quarter and the first six months of 2016.
Market overview
Russia's container market saw positive dynamics year-on-year in the second quarter of 2016, for
the first time since the third quarter of 2014. The transportation volumes were up 13.2% year-on-year to 808 thousand twenty-foot
equivalent units ("TEU"). This was driven by a 20.7% growth in domestic transportation, while international transportation
increased by 5.6% year-on-year on the back of growth in export and transit segments.
For the first six months of 2016, the Russian rail container market grew by 6.1% year-on-year to
1,538 thousand TEU. In terms of segment breakdown for the six month period, domestic transportation volumes surged by 14.4%
year-on-year and export transportation by 1.0% year-on-year, while import transportation volumes fell by 5.3% and transit was
down 3.3% year-on-year.
Rail container transportation
Since the beginning of 2016, the Company has widened its range of rail transportation services by
offering its own containers for transportation on third-party rolling stock. The Company therefore will report transportation
volumes including provision of its own containers to the third party flatcars starting from the second quarter of
2016.
In the reporting quarter, container volumes transported by the Company's flatcars and containers
(including provision of own containers to the third party flatcars) surged by 12.0% year-on-year to 382 thousand TEU. The key
growth driver was domestic transportation, while transit volumes were down 29.0% year-on-year due to a reduced number of auto
vehicles produced in Uzbekistan and Kazakhstan.
Transportation of containers using TransContainer's assets in 2Q 2016 (ISO Loaded + Empty), 000'
TEU
|
2Q 2016
|
2Q 2015
|
Change
|
|
|
|
000' TEU
|
Percent
|
Domestic Routes
|
224.2
|
194.6
|
+29.6
|
+15.2%
|
Export
|
89.8
|
77.6
|
+12.3
|
+15.8%
|
Import
|
52.0
|
46.5
|
+5.5
|
+11.9%
|
Transit
|
16.0
|
22.5
|
-6.5
|
-29.0%
|
All Routes
|
382.0
|
341.2
|
+40.8
|
+12.0%
|
Container volumes transported by the Company's flatcar fleet in the second quarter of 2016
increased by 3.9% year-on-year to 354 thousand TEU from 341 thousand TEU a year earlier. The Company's
revenue-generating[1] container transportation volumes in Russia amounted to 291 thousand TEU
in the second quarter of 2016, up 13.2% year-on-year.
For the first six months of 2016, container volumes transported by the Company's flatcar and
container fleet, as described above, grew by 4.5% year-on-year to 724.6 thousand TEU, mainly as a result of an increase in
domestic, export and import transportation. Transit volumes were down 36.3% year-on-year due to the same reason as discussed
above.
Transportation of containers using TransContainer's assets in 1H 2016 (ISO Loaded + Empty), 000'
TEU
|
1H 2016
|
1H 2015
|
Change
|
|
|
|
000' TEU
|
Percent
|
Domestic Routes
|
411.9
|
377.7
|
+34.2
|
+9.1%
|
Export
|
176.9
|
169.0
|
+7.9
|
+4.7%
|
Import
|
104.9
|
98.0
|
+6.8
|
+7.0%
|
Transit
|
31.0
|
48.7
|
-17.7
|
-36.3%
|
All Routes
|
724.6
|
693.3
|
+31.2
|
+4.5%
|
Container volumes transported by the Company's flatcar fleet in the first half of 2016 decreased
by 3.0% year-on-year to 671 thousand TEU from 692 thousand TEU a year earlier. The Company's revenue-generating container
transportation volumes in Russia amounted to 554 thousand TEU in the first half of 2016, up 6.8% year-on-year.
Terminal handling
In the second quarter of 2016, the Company's throughput in the Russian rail container terminal
network increased by 5.8% to 312 thousand TEU, compared to 295 thousand TEU for the same period of 2015. For the first six months
of 2016, the Company's container terminal throughput was down 0.4% to 578 thousand TEU compared to 581 thousand TEU for the first
half of 2015. This resulted from a decrease in unloading of containers, which, in turn, associated with a slowdown in import
transportation, as well as a decrease in marshalling of containers due to a higher share of block-train
transportation.
Asset utilisation
In the second quarter of 2016, flatcar and container empty run ratios marginally deteriorated from
5.5% to 6.4% and from 31.3% to 32.3%, respectively, while turnover of flatcars and containers improved on the back of strong
customer demand.
For the first half of 2016, empty run ratios for flatcars and containers were broadly flat.
Turnover of flatcars improved from 15.2 days for the first six months of 2015 to 14.4 days for the first six months of 2016,
while turnover of containers was still impacted by the results of the first quarter.
|
2Q 2016
|
2Q 2015
|
1H 2016
|
1H 2015
|
Turnover of containers, days
|
32.2
|
33.8
|
37.4
|
35.7
|
Turnover of flatcars, days
|
13.1
|
15.4
|
14.4
|
15.2
|
|
|
|
|
|
Empty run[2] for containers, %
|
32.3%
|
31.3%
|
30.8%
|
29.7%
|
Empty run for flatcars, %
|
6.4%
|
5.5%
|
7.0%
|
7.2%
|
Enquiries:
TransContainer
|
|
Andrey Zhemchugov,
Director, Capital Markets and Investor Relations
|
+7 495 637 9178
+7 495 609 6062
|
E-mail
|
IR@trcont.ru
|
Website
|
www.trcont.ru
|
Instinctif Partners
|
|
Galyna Kulachek / Catherine Hems
|
+44 (0) 20 7457 2020
|
About TransContainer
TransContainer (LSE ticker: TRCN) is the leading intermodal container transportation company in
Russia with a market share of approximately 47%. It is the market leader in Russia by flatcar fleet size, container
transportation by rail and rail-side container terminal throughput. As at 31 December 2015, it owned and leased 24,461 flatcars
and 64,596 ISO containers. TransContainer also owns a network of rail-side container terminals, located at 45 railway stations
across Russia and operates one terminal in Slovakia under a long-term lease agreement. The Company's joint venture JSC
Kedentransservice ("Kedentransservice", or "KDTS") also operates 19 inland rail-side terminals in Kazakhstan. The Company's sales
network comprises about 120 sales outlets in Russia, along with additional outlets across the CIS, Europe and Asia.
TransContainer is listed at Moscow Exchange and LSE. Company's major shareholder with 50% +2 shares is United Transportation and
Logistics Company, established by Russian Railways, Belorussian Railway and Kazakhstan Temir Zholy.
[1] Transportation of clients' containers by the Company's rolling
stock and own loaded containers by its own and third-party flatcars
[2] The empty run ratio is calculated as an average empty run in kilometres
divided by an average total run in kilometres
This information is provided by RNS
The company news service from the London Stock Exchange
END
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